FIT secures 10-year lease renewal at Port Everglades

News

Florida International Terminal (FIT) renews its lease agreement to operate at Port Everglades for another 10 years.

Florida International Terminal (FIT), a joint venture between SAAM Florida and AGUNSA Miami, has renewed its lease agreement at Port Everglades for another 10 years, after authorization by the Broward County Commission and Port Everglades.

FIT’s CEO, Justin P. Weir, said the company’s entire team has been working on this goal for over two years and preparing the terminal with investments to “continue positioning FIT as one of the leading cargo terminals in South Florida.”

As part of the agreement, which runs until 2035, FIT plans to invest US$25 million in the container terminal in the next 24 months to promote greener operations, enhance cargo handling efficiency and create more jobs for ILA Union workforce.

“FIT has been a great partner in helping to improve the port’s operational efficiency, and we applaud their ongoing investments to move cargo faster, advance green initiatives and contribute to our local economy,” said Glenn Wiltshire, Acting Port Director of Port Everglades.

In 2018, the terminal launched a modernization plan with a total investment of US$5 million that doubled its capacity to dispatch containers.

FIT is one of the ten ports operated by SAAM Terminals in the Americas. Last year the terminal transferred 296k TEU and 2.5 million tons of cargo across the quay.

The company has four berths at Port Everglades at its disposal with a maximum draft of 12.8 meters and six low-profile ship-to-shore cranes, capable of handling 12,000 TEU-class vessels.

You just read one of our articles for free

To continue reading, subscribe to WorldCargo News

By subscribing you will have:

  • Access to all regular and exclusive content
  • Discount on selected events
  • Full access to the entire digital archive
  • 10x per year Digital Magazine

SUBSCRIBE or, if you are already a member Log In

 

Having problems logging in? Call +31(0)10 280 1000 or send an email to customerdesk@worldcargonews.com.